NISSENO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
NISSENO
Largest movements
- Cash -€68,991
down €68,991 (-63.2%), from €109,093 to €40,102
mainly Receivables within one year (-€46,173) and Advances received (-€21,560)
- Receivables within one year +€46,173
up €46,173 (+27.3%), from €169,416 to €215,589
of which Other amounts receivable: +€27,518
- Advances received -€21,560
down €21,560 (-100%), from €21,560 to €0
- Reserves +€19,752
up €19,752 (+12.0%), from €165,281 to €185,033
- Profit (loss) carried forward -€17,546
down €17,546, from €0 to -€17,546
- Trade debts +€17,254
up €17,254 (+86.0%), from €20,058 to €37,312
- Tax, wage and social debts -€10,713
down €10,713 (-26.3%), from €40,736 to €30,023
- Gross operating margin -€136,671
down €136,671 (-93.7%), from €145,930 to €9,260
- Other operating charges -€33,170
down €33,170 (-93.0%), from €35,665 to €2,495
- Taxes -€25,494
down €25,494 (-92.4%), from €27,597 to €2,104
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,243 | €259,208 | -€22,035 | -7.8% |
| Fixed assets | 21/28 | €1,346 | €1,200 | -€146 | -10.9% |
| Tangible fixed assets | 22/27 | €146 | €0 | -€146 | -100% |
| Furniture and vehicles | 24 | €146 | €0 | -€146 | -100% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €279,896 | €258,008 | -€21,888 | -7.8% |
| Amounts receivable within one year | 40/41 | €169,416 | €215,589 | +€46,173 | +27.3% |
| Trade receivables | 40 | €42,408 | €61,063 | +€18,655 | +44.0% |
| Other amounts receivable | 41 | €127,009 | €154,526 | +€27,518 | +21.7% |
| Cash at bank and in hand | 54/58 | €109,093 | €40,102 | -€68,991 | -63.2% |
| Deferred charges and accrued income | 490/1 | €1,387 | €2,317 | +€930 | +67.0% |
| Total equity and liabilities | 10/49 | €281,243 | €259,208 | -€22,035 | -7.8% |
| Equity | 10/15 | €171,281 | €173,487 | +€2,206 | +1.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €165,281 | €185,033 | +€19,752 | +12.0% |
| Distributable reserves | 133 | €165,281 | €185,033 | +€19,752 | +12.0% |
| Profit (loss) carried forward | 14 | €0 | -€17,546 | -€17,546 | |
| Amounts payable | 17/49 | €109,962 | €85,721 | -€24,241 | -22.0% |
| Amounts payable after more than one year | 17 | €18,186 | €8,416 | -€9,770 | -53.7% |
| Financial debts | 170/4 | €18,186 | €8,416 | -€9,770 | -53.7% |
| Amounts payable within one year | 42/48 | €91,776 | €77,305 | -€14,471 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €9,422 | €9,770 | +€348 | +3.7% |
| Trade debts | 44 | €20,058 | €37,312 | +€17,254 | +86.0% |
| Suppliers | 440/4 | €20,058 | €37,312 | +€17,254 | +86.0% |
| Advances received on contracts in progress | 46 | €21,560 | €0 | -€21,560 | -100% |
| Taxes, remuneration and social security | 45 | €40,736 | €30,023 | -€10,713 | -26.3% |
| Taxes | 450/3 | €40,736 | €30,023 | -€10,713 | -26.3% |
| Other amounts payable | 47/48 | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €353 | €146 | -€207 | -58.6% |
| Other operating charges | 640/8 | €35,665 | €2,495 | -€33,170 | -93.0% |
| Gross operating margin | 9900 | €145,930 | €9,260 | -€136,671 | -93.7% |
| Operating profit (loss) | 9901 | €109,911 | €6,618 | -€103,293 | -94.0% |
| Financial income | 75/76B | €2,865 | €4,039 | +€1,174 | +41.0% |
| Recurring financial income | 75 | €2,865 | €4,039 | +€1,174 | +41.0% |
| Financial charges | 65/66B | €6,389 | €6,347 | -€41 | -0.6% |
| Recurring financial charges | 65 | €6,389 | €6,347 | -€41 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €106,388 | €4,310 | -€102,078 | -95.9% |
| Income taxes | 67/77 | €27,597 | €2,104 | -€25,494 | -92.4% |
| Profit (loss) for the period | 9904 | €78,791 | €2,206 | -€76,585 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €78,791 | €2,206 | -€76,585 | -97.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.